Bloomberg News

Greece Rating Kept at Selective Default by S&P

March 15, 2012

Standard & Poor’s Ratings Services said it assigned a CCC rating to new bonds issued by Greece.

The ratings company said its sovereign credit ratings on Greece will remain at selective default until the exchange is concluded, which may occur by April 11. After the exchange, S&P said it will likely assign a rating of CCC to Greece.

To contact the editor responsible for this story: Greg Chang at

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